E.ON’s full-year 2008 adjusted earnings before interest and taxes (EBIT) rose 7.3% to €9.9bn ($12.6bn) – roughly in line with expectations despite a “significantly more difficult economic environment”.
The firm’s total sales for the year grew 26% to €86.8bn.
But E.ON says it expects the economy to take a steep toll in 2009. Though it expects its EBIT will remain more or less stable, the company says its net income will likely decline around 10%, due to higher interest expenses resulting from its increased debt load.
It
